Nasdaq cancels dozens of trades

By Staff | December 14, 2012 | Last updated on December 14, 2012
1 min read

The Financial Times reports Nasdaq has cancelled trades in some of Wall Street’s biggest stocks, including Goldman Sachs and Citigroup.

“The cancellation highlights what has become a feature of fragmented US markets which are increasingly dominated by high-frequency traders using complex order models that transact in microseconds,” the report notes.

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The staff of have been covering news for financial advisors since 1998.